Korean bulk and liquefied natural gas (LNG) transportation firm H-Line has signed a contract to build LNG-powered bulk carriers at Hyundai Samho Heavy Industries, according to the Ministry of Maritime Affairs and Fisheries.
The newbuildings will start operating on Korean-Australian routes from 2021 onwards.
Korea is making an effort to promote the use of LNG as a marine fuel and recognises the construction of LNG-fuelled newbuildings at local yards as part of contributions to its shipbuilding economy.
Projects by shipping firms to replace older ships of more than 20 years with LNG-powered newbuilds will be able to receive subsidies equal to between 5 to 10% of the ship price.
“We expect that the LNG bulk carrier will be a new hope for shipping and shipbuilding industries that are experiencing difficulties," said Choi Joon-wook, director of the Ocean Policy Division at the Ministry of Maritime Affairs and Fisheries.
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Published: 15 October, 2018
USD 41 million contract will last for a total duration of five years from January 31, 2022 to January 31, 2027.
Seeking industry feedback from several state-owned maritime transportation and energy players.
Locally designed and built PSV to start construction in January 2019 with delivery by December 2020.
CLEANCOR, a subsidiary of SEACOR, will work with Port NOLA to help provide LNG to Port customers and marine operators in Port NOLA’s jurisdiction.
Vessel received 200 mt of LNG marine fuel from Shell while undergoing loading and unloading procedures.
Project will examine and quantify methane emissions from ships fuelled by LNG under a variety of real-world operating conditions at a scale never before achieved.
‘The MOU will foster innovation in smart and autonomous ship technologies, and support the use of green ammonia as a sustainable fuel to help decarbonise global shipping,’ says the Chief Executive of MPA.
PetroSeraya appoints YTL PowerSeraya veteran See Yoong Hwee to drive its fuel tank leasing operations; together with Rafe Liam as Commercial Manager, they will spearhead the company’s initiatives.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
